BP reports $17 bln loss after $32 bln spill charges
BEIJING. July 28. KAZINFORM BP has reported a loss of 17 billion U.S. dollars between April and June, after 32 billion dollars in charges related to the oil spill, and would sell off 30 billion dollars of assets. Kazinform refers to Xinhua.
Its newly named Chief Executive Bob Dudley called the Gulf oil spill a "wake-up call" for the entire industry, saying that safety would be among his highest priorities in his efforts to refurbish the British oil company's battered reputation according to Reuters reports.
Image repair may become even tougher after BP said it would offset the cost of the spill against its taxes.
Dudley said on ABC's "Good Morning America" he expected no more oil to flow into the Gulf but added: "We've got to really kill that well to be absolutely certain." Kazinform cites Xinhua. See www.xinhuanet.com for full version